Pictet Asset Management Holding SA Invests $72,000 in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Pictet Asset Management Holding SA acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,850 shares of the financial services provider’s stock, valued at approximately $72,000.

A number of other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 8,258 shares during the period. GAMMA Investing LLC increased its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,288 shares during the last quarter. Systrade AG raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider’s stock valued at $1,547,000 after purchasing an additional 3,601 shares during the period. Crocodile Capital Partners GmbH acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth $541,000. Finally, Ping Capital Management Inc. boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 27.2% during the fourth quarter. Ping Capital Management Inc. now owns 64,000 shares of the financial services provider’s stock worth $956,000 after buying an additional 13,700 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 7.1 %

Shares of IRS opened at $12.82 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $970.99 million, a PE ratio of -3.00 and a beta of 1.23. The company’s 50-day simple moving average is $13.32 and its 200-day simple moving average is $14.14. IRSA Inversiones y Representaciones Sociedad Anónima has a 1 year low of $7.92 and a 1 year high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its earnings results on Friday, February 7th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%.

IRSA Inversiones y Representaciones Sociedad Anónima Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.